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you are jack welch. jack, you have to take this opportunity while everybody is listening to you to actually, say, yes, anderson, i am taking that tweet back and send a new tweet to say, i was exaggerating. there are problems bls should look into it, but throw out an accusation, that is like asking the government -- >> look at this. we had 25 economists polled before this number came out. the average number they expected was about 115,000. not one of them had a number below 8.1. >> the bureau of labor statistics, which determines the unemployment number is a nonpolitical and independent agency, by the way. >>> hundreds, if not thousands of convicted criminals could go free, all because of this chemist. the outrageous allegations about a massachusetts drug lab. >> i'm dr. sanjay gupta. meet jennifer, founder of code for america. it's kind of a peace corps for geeks. >> most people have seen that geek s have whicchanged the wor much in the past 10, 20 years, they haven't changed government yet. we get peopl
you are jack welch. jack, you have to take this opportunity while everybody is listening to you to actually, say, yes, anderson, i am taking that tweet back and send a new tweet to say, i was exaggerating. there are problems bls should look into it, but throw out an accusation, that is like asking the government -- >> look at this. we had 25 economists polled before this number came out. the average number they expected was about 115,000. not one of them had a number below 8.1. >>...
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in retaliation, jack welch quit as a columnist. accusing the labor department of mmanipulating jobs numbers. fortune's editor-in-chief leads to the president's defense on msnbc to insist the economy is getting better. unfortunate, a writer did two nasty stories saying he laid off 100,000 people in 20 years. about as much to do with this controversy as the fact they had seen its circulation revenue hit 50% in a decade. welch quitting and going to the "wall street journal" where in an op-ed today he said i was right about the strange jobs report likened the bashing he has received to soviet russia. jack welch coming under fire from economic advisors. telling elliot spitzer on al gore's current tv that it is absolutely and totally ridiculous that somehow some political people changed the numbers. this is crazy stuff. oh, yeah? none other than the same guy himself questioned the honesty of the job numbers during the bush administration in '03 in "the new york times" writing may have been buying people off the unemployment rolls, the go
in retaliation, jack welch quit as a columnist. accusing the labor department of mmanipulating jobs numbers. fortune's editor-in-chief leads to the president's defense on msnbc to insist the economy is getting better. unfortunate, a writer did two nasty stories saying he laid off 100,000 people in 20 years. about as much to do with this controversy as the fact they had seen its circulation revenue hit 50% in a decade. welch quitting and going to the "wall street journal" where in an...
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cheering at jack welch question the validity came from fortune magazin"fortune"magazine and itn jack welch quit and has an op-ed bashing his bashers. accusing the obama labor departmenlabordepartment of mans numbers so fortune editor in chief weeks to the president defense. and unfortunately, a writer did a couple of nasty stories pointing out that he laid off 100,000 people in 20 years. though they have had plenty of layoffs as they can revenue 50% in a decade. and jack welch counter punches instead in the "wall street journal" liking the beating he's taken over this to soviet russia. jack welch also come under attack from former obama economic advisor saying on al gore current tv that it is absolutely and totally ridiculous to say somehow some political people change the numbers. this is crazy stuff. oh yeah? he himself questioned the honesty of the job numbers in the bush administration in '03 in "new york times" that they have been buying people off their employment rolls i and the government has cooked the books. in a counter tweet he said jack, you completely missed cited my ol
cheering at jack welch question the validity came from fortune magazin"fortune"magazine and itn jack welch quit and has an op-ed bashing his bashers. accusing the obama labor departmenlabordepartment of mans numbers so fortune editor in chief weeks to the president defense. and unfortunately, a writer did a couple of nasty stories pointing out that he laid off 100,000 people in 20 years. though they have had plenty of layoffs as they can revenue 50% in a decade. and jack welch counter...
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et cetera talk about jack welch still stirring the pot on this. almost all bona fide economists, many who have advised both, you know, presidents of both parties have said there was a statistically anomaly showing the unemployment rate fell but only 114,000 jobs were created and anomalies after when you look at a long series of data. jack welch, the 7.8% unemployment figure released by the bureau of labor statistics last week is down right implausible. this is a tweet, unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. >> let's be clear. when people were really most upset about is jack welch directly saying that somehow the obama campaign twisted the numbers. >> right. and, look, you can talk about how debt are collected, you can talk about statistically anomalies, about the fact that the recovery has been subpar. that's what jack welch is saying he's right about, the recovery has been supposed par. everyone was having that real conversation. but to say that someone directly changed the numbers because
et cetera talk about jack welch still stirring the pot on this. almost all bona fide economists, many who have advised both, you know, presidents of both parties have said there was a statistically anomaly showing the unemployment rate fell but only 114,000 jobs were created and anomalies after when you look at a long series of data. jack welch, the 7.8% unemployment figure released by the bureau of labor statistics last week is down right implausible. this is a tweet, unbelievable jobs...
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here is what jack welch said. the data collection system is biased and overstated. i'm not sorry for the heated debates that pursuit. i am not the first to question government numbers and hopefully i will not be the last. what did you make of that whole brouhaha. >> i am not inclined to believe that the numbers were that kind of thing. i think that it is very difficult to do. the bigger issue is whether it was a blip or two, a statistical blip, or whether this is going to be a trend. we are probably not going to know that until after the election. gerri: at least one more data point to come. jonathan, what did you make of getting fired for him. the man ran ge. >> he diverted the attention away from the substance of the numbers because he went back to the integrity of the numbers. 114,000 new jobs is nothing to celebrate. we need 150,000 jobs to absorb all the new college graduates. i was surprised that he diverted from the fact that it was not good job supported all. gerri: that rummy is disturbed by that, a new low in the political season. >> it is very sleazy thin
here is what jack welch said. the data collection system is biased and overstated. i'm not sorry for the heated debates that pursuit. i am not the first to question government numbers and hopefully i will not be the last. what did you make of that whole brouhaha. >> i am not inclined to believe that the numbers were that kind of thing. i think that it is very difficult to do. the bigger issue is whether it was a blip or two, a statistical blip, or whether this is going to be a trend. we...
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so jack welch just can't let it go. said he was right about the strange jobs report. >> if you say so, sir. >>> in just a few hours the supreme court justices are going to begin hearing arguments concerning affirmative action in college admissions. abigail fisher claims the university of texas rejected her because she's white. let's talk to somebody who knows a lot about this firsthand. president of columbia university, president of university of michigan between 1996-2002, during which time he served as defendant in two supreme court case on affirmative action. thank you for talking with us. >> thank you for having me. >> when that case ended back in 2003, the sense was, maybe we'll need to discuss this for another 25 years. so here we are nine years later. affirmative action before the supreme court. what has changed that this is now before the supreme court again? >> well, i don't think anything has changed. i think the gruder decision which was in 2003 as you mentioned, really for the first time set down the princip
so jack welch just can't let it go. said he was right about the strange jobs report. >> if you say so, sir. >>> in just a few hours the supreme court justices are going to begin hearing arguments concerning affirmative action in college admissions. abigail fisher claims the university of texas rejected her because she's white. let's talk to somebody who knows a lot about this firsthand. president of columbia university, president of university of michigan between 1996-2002,...
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. >>> well, jack welch. the former head of general electric, a partial partner to this network, will no longer contribute to reuters. the tweet suggested the white house manipulated jobs numbers for political gain. >>> a doggy day care outside of chicago has stepped in it so to speak with the nation's biggest coffee chain. starbucks is asking star barks to change its name and logo to avoid any customer confusion. >>> a new study out of denmark finds that the more expensive running shoes do not prevent injuries or make you run faster. >>> and it's that time of year again. the nieman marcus 2012 christmas catalog is out and it is complete with all the outlandish gifts like his and her diamond studded watches for a cool $1.1 million. bill, that's our christmas gift to each other. >>> coming up, san francisco stays alive, a bountygate update and the space jump will have to wait. >>> plus, the athletics steal game three from the tigers. your sports headlines are straight ahead. >>> i thought my gift to lynn was a
. >>> well, jack welch. the former head of general electric, a partial partner to this network, will no longer contribute to reuters. the tweet suggested the white house manipulated jobs numbers for political gain. >>> a doggy day care outside of chicago has stepped in it so to speak with the nation's biggest coffee chain. starbucks is asking star barks to change its name and logo to avoid any customer confusion. >>> a new study out of denmark finds that the more...
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now as far as jack welch is concerned, you're all sitting around talking about jack welch, a great legend in business, a very smart guy, he's 100% correct, 100% correct. >> wait a second, in terms of the chicago political guys manipulating the numbers? >> how does it go down to 7? there wasn't an economist in the country and after the election they'll do a big correction but jack welch has it right, there's no question 100% and a lot of the numbers that they're using are given by the obama administration. >> i know ken has a question for you, but my only thought on this whole thing is, i don't know that i buy that 7.8% number. i don't think that's real. i don't know that it was politics necessarily. >> nobody buys it. >> he's saying it's the numbers given to the bls by the obama administration. there's a lot of assumptions. obama care, the cbo, you can't impugn the cbo for coming up with $1 trillion for obama care. it was the numbers they got, double counting taxes, all of these bells and whistles in obama care to get it to work out. >> right. >> hold on. for the past year one of the talk
now as far as jack welch is concerned, you're all sitting around talking about jack welch, a great legend in business, a very smart guy, he's 100% correct, 100% correct. >> wait a second, in terms of the chicago political guys manipulating the numbers? >> how does it go down to 7? there wasn't an economist in the country and after the election they'll do a big correction but jack welch has it right, there's no question 100% and a lot of the numbers that they're using are given by...
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. >> jack welch. >> jack welch say they were fixed or something? >> he said definitely those guys from chicago they can't debate so they're cooking the books. >> bill: do you take that seriously? >> no. i do not take it seriously. i have to say jack welch gave us a good laugh because he he was serious. >> bill: welch believes these are bogus numbers? >> that's what he said. it's the kind of nonsense what's really book here. 50,000 they survey the establishment survey it's called services and government is about 150,000 there is a lot of volatility. people going around saying this hasn't happened in 30 years. >> bill: in your opinion though, there are more jobs being added pushed from full time into part time. they are younger, less educated. unskilled. lower paying. >> if you are working part time you come off the unemployment rolls, that goes into the unemployment rate. that's a legitimate thing to talk about this is important. 14.7% unemployment when you include the marginally attached to the workforce. that is precisely the same number as the pr
. >> jack welch. >> jack welch say they were fixed or something? >> he said definitely those guys from chicago they can't debate so they're cooking the books. >> bill: do you take that seriously? >> no. i do not take it seriously. i have to say jack welch gave us a good laugh because he he was serious. >> bill: welch believes these are bogus numbers? >> that's what he said. it's the kind of nonsense what's really book here. 50,000 they survey the...
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this data into some comments that were made by jack welch. here is a tweet on that -- host: he is referring to comments made on twitter earlier today by jack welch, who said clear this morning that the unbelievable jobs numbers -- of those chicago guys will do anything, the cannot debate so the change the numbers. that is from jack welch, the former head of general electric. that was on his twitter feed from earlier today. that is reported on a bloomberg and elsewhere. we're waiting for mitt romney who has a rally said in abingdon, virginia. we will take you there when it gets under way. the president making his way to cleveland state university for a rally there this afternoon. we will have that live at 2:30 eastern. that will be live at c-span.org. what you think about the jobs number and the presidential race? caller: it is good, a big deal. the guy from tennessee, he does not know what he is talking about. right now, we have to come together. this is big news. not republican, not a democrat. this is for everybody. i do not understand why
this data into some comments that were made by jack welch. here is a tweet on that -- host: he is referring to comments made on twitter earlier today by jack welch, who said clear this morning that the unbelievable jobs numbers -- of those chicago guys will do anything, the cannot debate so the change the numbers. that is from jack welch, the former head of general electric. that was on his twitter feed from earlier today. that is reported on a bloomberg and elsewhere. we're waiting for mitt...
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jack welch should be ashamed of himself. there is absolutely no way the bureau of labor statistics cooks these numbers. they have tremendous integrity. i'm sorry he doesn't like the direction of the numbers. i will very much, as i said, admit that these numbers jump around from month to month, they do, but to say that these books are cooked is terribly obfuscating and completely wrong. >> can we show what the numbers are doing on wall street right now. i want to get ron's look at this. >> pretty good reaction so far. >> for sure. we see green arrows across the board so far this morning today. let's talk about the revisions that we've seen because we were talking earlier before we started the show that these can go either way, and -- >> and they often do. >> and they often do. >> during recoveries, you tend to get upward revision in prior numbers, whether it's the last couple months, or as the labor department does every year, there's a set of benchmark revisions to prior data that go back even a couple years. we saw that ove
jack welch should be ashamed of himself. there is absolutely no way the bureau of labor statistics cooks these numbers. they have tremendous integrity. i'm sorry he doesn't like the direction of the numbers. i will very much, as i said, admit that these numbers jump around from month to month, they do, but to say that these books are cooked is terribly obfuscating and completely wrong. >> can we show what the numbers are doing on wall street right now. i want to get ron's look at this....
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. >>> jack welch, the former head of general electric, will no longer contribute to reuters news and fortune magazine. welch's decision comes in the wake of controversy sparked by a tweet he sent last week suggesting the white house manipulated job numbers for political gain. >>> a doggy daycare outside of chicago has stepped in it with the nation's coffee chain. starbucks is asking star barks to change it name and its logo so that customers aren't confused. >>> and could these shoes be coming to a shoe store near you some us ladies hope not. the so-called scary beautiful heels are backwards so it makes the feet point straight down like a ballerina. the designer says the shoes are a commentary on today's impossible standards of beauty. and apparently impossible to walk in. >>> san francisco stays alive, a bountygate update, and the space jump will have to wait. plus the athletics steal game three from the tigers. that's all coming up in sports. you're watching "first look" on msnbc. yeah. yeah. then how'd i get this... [ voice of dennis ] ...allstate safe driving bonus check? what is
. >>> jack welch, the former head of general electric, will no longer contribute to reuters news and fortune magazine. welch's decision comes in the wake of controversy sparked by a tweet he sent last week suggesting the white house manipulated job numbers for political gain. >>> a doggy daycare outside of chicago has stepped in it with the nation's coffee chain. starbucks is asking star barks to change it name and its logo so that customers aren't confused. >>> and...
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jack welch, the former ceo of general electric as you just mentioned on squawk out on twitter today. he's been obviously critical of the white house for years now, but he says unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. that's the former head of a very large company. >> i'm on tv, and i remember jack sent me a fax when i was first on with mark haynes. i like you. i love jack. i'm trying to reconcile jack with the numbers because i trust jack and think he's terrific. i come back and say listen, they've been wrong -- he's jack. i don't think that they're phony. it doesn't make me feel that jack is off the reservation so much that i think that this particular issue -- i disagree with him. i read the tweet and i was, darn, jack, come on, man. >> let's say good is good. >> does this mark the turning point and we had david come out this morning where he was establishing 1575 and that's quite an upside for 2013 particularly if he's standing by a year-
jack welch, the former ceo of general electric as you just mentioned on squawk out on twitter today. he's been obviously critical of the white house for years now, but he says unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. that's the former head of a very large company. >> i'm on tv, and i remember jack sent me a fax when i was first on with mark haynes. i like you. i love jack. i'm trying to reconcile jack with the numbers because i trust...
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i'm friend with jack welch and i tweeted him back. i said, jack, i love you, but on this one you've just flat out lost your mind. there's an ironclad firewall with criminal penalties for anybody at the bls to have any kind of political interference or to release any of the numbers early. it's totally impossible to do that. you've seen all the reputable republicans that have worked with the bureau of labor statistics in the past, past cea chairs come out and say, look, come on, you've got to be kidding on this thing. i kind of think they were kidding. i hope they were kidding. i mean, there's absolutely no evidence of political changing the numbers. and if somebody were changing the numbers, why would you make the numbers last month worse than expected? why would you make the payroll numbers at 114,000, not especially impressive. it just doesn't make any sense. >> all right. austan, thanks very much for coming in. >> great to see you again mpkts a check of the top stories and then something that would change the headlines about the oba
i'm friend with jack welch and i tweeted him back. i said, jack, i love you, but on this one you've just flat out lost your mind. there's an ironclad firewall with criminal penalties for anybody at the bls to have any kind of political interference or to release any of the numbers early. it's totally impossible to do that. you've seen all the reputable republicans that have worked with the bureau of labor statistics in the past, past cea chairs come out and say, look, come on, you've got to be...
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we're going the talk to jack welch live about it when he joins me at the top of the hour. also, tonight, how one woman's alleged lie working in a crime lab in massachusetts is calling into question, get this. 34,000 criminal cases. 34,000. people already being released from jail because of this woman's suspected fraud. it is an unbelievable story. all that and a lot more you need to know about the meningitis outbreak, two different scares. >> sounds like a great show. i hope everybody stays tuned. our fifth story "outfront", gunk. american airlines now says messy passengers are to blame for seats that came loose an at least three recent flights. the airline claims spilled soda and coffee gunked up a seat locking mechanism over time. the incidents forced the airline to take 48 boeing 757 jets out of commission for repairs. what's behind this explanation and does it all add up? william mcghee is the author of attention all passenger, the airline's dangerous decent and how to reclaim our skies. do you buy this? >> no. i think most people feel that the gunk is bunk. >> that al
we're going the talk to jack welch live about it when he joins me at the top of the hour. also, tonight, how one woman's alleged lie working in a crime lab in massachusetts is calling into question, get this. 34,000 criminal cases. 34,000. people already being released from jail because of this woman's suspected fraud. it is an unbelievable story. all that and a lot more you need to know about the meningitis outbreak, two different scares. >> sounds like a great show. i hope everybody...
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. >> jack welch has said today unbelievable job numbers, he tweeted. the chicago guys will do anything, can't debate so they change the numbers. is there any merit to the argument that these numbers aren't quite what they seem? >> i would be very cautious about saying that, piers, unless i had some kind of substantialation to it and of course, we don't want to sound like sour grapes over what is good news for america. somebody would have to show me the facts and then i would be glad to make the argument. >> do you think that either of these things, in the last 24 hours, barack obama's very lackluster, surprisingly poor debate performance, or these job numbers today, do either of them constitute in any form a kind of game change moment? >> i think the debate certainly does. americans watched those debates that may not watch the next two, that saw a mitt romney that was a direct contradiction to the hundreds of millions of dollars worth of attack ads, especially in swing states, that the obama campaign has spent painting mitt romney as some kind of insen
. >> jack welch has said today unbelievable job numbers, he tweeted. the chicago guys will do anything, can't debate so they change the numbers. is there any merit to the argument that these numbers aren't quite what they seem? >> i would be very cautious about saying that, piers, unless i had some kind of substantialation to it and of course, we don't want to sound like sour grapes over what is good news for america. somebody would have to show me the facts and then i would be glad...
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former ge ceo jack welch is out at fortune magazine according to reports. last week, welch questioned the drop in the unemployment rate to 7.8%. he famously tweeted, "unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers." the comments caught widespread traction. critics, however, included a fortune manager. fortune.com posted an article highlighting that ge lost 100,000 jobs under welch's leadership. welch says he can no longer write for the magazine. some companies are using the presidential campaigns as an opportunity for new ad campaigns. 7-11 says so far obama takes the lead in its "7 election campaign," where shoppers can choose from a "romney" red cup or an "obama" blue cup. meanwhile, cabbage patch will release a line of dolls that resemble the candidates up for auction on ebay. and, pizza hut is offering free pizza for life to whomever asks the candidates if they prefer sausage or pepperoni at a town hall debate next week. still to come, with the country at a crossroads over labor unions, a new film gives us
former ge ceo jack welch is out at fortune magazine according to reports. last week, welch questioned the drop in the unemployment rate to 7.8%. he famously tweeted, "unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers." the comments caught widespread traction. critics, however, included a fortune manager. fortune.com posted an article highlighting that ge lost 100,000 jobs under welch's leadership. welch says he can no longer write for the...
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. >> of course last week it was former general electric chief jack welch, alan west and right wing pundits making the allegation. we should remind viewers what got them so siexcited. until a few days guy conservatives were claiming all of the national polls, saying, they must have been off. the latest gallup tracking poll shows president obama's lead widening to five points again. today president obama was shoring up the hispanic vote just days before voter registration deadlines in 11 states. the president dedicated a moment to caesar chavez. >> where there had once been despare, geez ared dis/* dispare, caesar gave people hope. whether it was bet are work conditions, that was a reminder that we are all god's children. >> dedicating a monument to caesar chavez within let's bring in correspondent from magazine. ari, president obama is not taking his lead or strength from the hispanic community. he wants more. he is trying to really solidify this. play to his base. how smart a strategy is it? >> i think it is smart and i think what the president has to do right now is get out there and get
. >> of course last week it was former general electric chief jack welch, alan west and right wing pundits making the allegation. we should remind viewers what got them so siexcited. until a few days guy conservatives were claiming all of the national polls, saying, they must have been off. the latest gallup tracking poll shows president obama's lead widening to five points again. today president obama was shoring up the hispanic vote just days before voter registration deadlines in 11...
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even jack welch, his stock is at 23. when we started this whole thing, it was 9 bucks. his shareholders aren't complaining about what the president's done. he has a tremendous amount of things he can call upon and talk about that he's done right. he refuses to talk about any of them. i wonder why. >> yes. >> i think the president really needed to push back on this idea, that there isn't a role for the government to play in the economy. even the idea that government can't create jobs. we have lost 656,000 public sector jobs since the recession began. the government could have saved those jobs. not only that, obama has a plan right now that moody's said would create 2 million more jobs. it would lower the unemployment rate by 1% if we saved those public sector jobs and passed another job bill, the unemployment rate would be 6% right now. >> right. >> it's not a fantasy. we know what would work and it's being blocked because number one the president and his team were afraid to talk about it between the span when the stimulus passed before he introduced his jobs bill in sep
even jack welch, his stock is at 23. when we started this whole thing, it was 9 bucks. his shareholders aren't complaining about what the president's done. he has a tremendous amount of things he can call upon and talk about that he's done right. he refuses to talk about any of them. i wonder why. >> yes. >> i think the president really needed to push back on this idea, that there isn't a role for the government to play in the economy. even the idea that government can't create...
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job and investigating the number rather than investigating what josh welch -- jack well were has to say. >>neil: in other words investigate how he came up with that snub? >>guest: this is like like the greatest expansion in history. the none came out of left field. someone has to explain. no one is explaining the number but to say, well, this is what we came up with. >>neil: sort of like the hotel scales that show me five pounds less than i know i am. i will buy that. i will stick with that. gary, always a pleasure. thank you very much. >>guest: my pleasure, thank you. >>neil: by the way, talk about a jump on the competition. this young lady was back flipping her way into the record books. it is true. but we have something we think you are going to flip over more. our coverage is thursday at the vice presidential debate live from kentucky, all kicking off at 4:00 p.m. eastern on fox and then we are back at it at 8:00, four hours nonstop coverage. where we end up, no one knows but it is exciting because you never know would will drop by as we gauge the impact on the presidential race
job and investigating the number rather than investigating what josh welch -- jack well were has to say. >>neil: in other words investigate how he came up with that snub? >>guest: this is like like the greatest expansion in history. the none came out of left field. someone has to explain. no one is explaining the number but to say, well, this is what we came up with. >>neil: sort of like the hotel scales that show me five pounds less than i know i am. i will buy that. i will...
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if you believe jack welch, the former ceo of general electric, he said the chicago guys would do anything, accusing them of tampering with the numbers. the obama bipartisans feel this was a bare yes they needed to break, the 8%. there will be a report november 2nd, right before the election and we'll see what that report says. >> looking ahead this week, vice president joe biden and paul ryan debate. the stakes are higher. how do you expect them to do? >> there's a local factor to this, a congressman from montgomery county and parts of other places is playing paul ryan who he served with on the budget committee. ted olsen, a washington lawyer, former solicitor general is playing joe biden. you're right, there's going to be more attention now because this is the whole ticket. ryan is really not tested on a national stage. joe biden has been around forever, it seems. he has a reputation for sometimes saying the wrong thing. you saw in the package where he made the statement, the middle class has been buried. so i don't know which way this is going to go. but ryan, again, benefits from proba
if you believe jack welch, the former ceo of general electric, he said the chicago guys would do anything, accusing them of tampering with the numbers. the obama bipartisans feel this was a bare yes they needed to break, the 8%. there will be a report november 2nd, right before the election and we'll see what that report says. >> looking ahead this week, vice president joe biden and paul ryan debate. the stakes are higher. how do you expect them to do? >> there's a local factor to...
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do you stand by this comment from jack welch? do you think that the white house cooked the numbers in the jobs report? >> well look, we're just going to talk about the facts. there's 23 million americans who are unemployed. they're either looking for a job, they are giving up or underemployed. if we just look at the numbers and take that for what it's worth, and i don't know that we have to say much more about whether the numbers have been cooked or not. >> the numbers are also 7.8% unemployment the lowest since president obama was inaugurated, correct? >> well, let's take a look at those numbers and take a little deeper look and say, for those who are not looking for a job any longer, they're not in the work place. they're not in the work participation. if you were to add those to those numbers, we'd have about 11% unemployment. look, one month of these numbers -- >> that includes people who are retired, correct? >> but let's look at those numbers a little closer again, we're looking at 43 state months of unemployment above 8%.
do you stand by this comment from jack welch? do you think that the white house cooked the numbers in the jobs report? >> well look, we're just going to talk about the facts. there's 23 million americans who are unemployed. they're either looking for a job, they are giving up or underemployed. if we just look at the numbers and take that for what it's worth, and i don't know that we have to say much more about whether the numbers have been cooked or not. >> the numbers are also 7.8%...
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Oct 6, 2012
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welch. what does it say about partisanship in the country? >> it says that the partisanship starts to rot people's brains. the theory is just -- we need a good name for this. i nominate job nutters. but this really is ridiculous. this is -- first things first, this is good news for the country. and, yes, it benefits the president because it adds to argument. it takes away the argument that unemployment rate's been over 8%. it's a positive sign for the country. and frankly, it gives the president a boost in the wake of a terrible debate performance. but bottom line, it's a sign that the trend is moving away from the debt sweep we've dealt with. >> let me pick up on that. we heard david kerley say some democrats are saying what debate? how much of a boost does it really give the president, given the lackluster nature of his performance the other night? >> it doesn't give the president a do-over. he still had a lousily first debate. that hurts. it hurts. it's not determinative. ultimately, the
welch. what does it say about partisanship in the country? >> it says that the partisanship starts to rot people's brains. the theory is just -- we need a good name for this. i nominate job nutters. but this really is ridiculous. this is -- first things first, this is good news for the country. and, yes, it benefits the president because it adds to argument. it takes away the argument that unemployment rate's been over 8%. it's a positive sign for the country. and frankly, it gives the...
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Oct 10, 2012
10/12
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jack welch questioning the jobs report last friday. today he is using a few more than 140 characters to explain. we're going to talk about his op ed. at 8:00 a.m., jack will be calling into the show to talk about things. all of that coming up. on the lighter side of things, we'll be talking sports. in baseball, the playoffs last night. the a's beating the tigers 2-0. detroit now leads the series 2-1. the reds lost 2-1, but cincinnati still leads the series two games to one. we'll have more in squawk sports at 6:20 eastern. that's a good one i was watching. the next hour, we'll talk about golf. rhys jones is our guest host. he designs courses. andrew, good morning. >> thank you, becky. let's talk about earnings, starting with alco waalcoa. stronger demand for aluminum products, from airplanes and automobile producers. this offset weak aluminum prices and worries about china's slumping economy and that's probably the bigger and more important piece of all of this. the ceo cautioning that the company's noticed a slight slowdown in some re
jack welch questioning the jobs report last friday. today he is using a few more than 140 characters to explain. we're going to talk about his op ed. at 8:00 a.m., jack will be calling into the show to talk about things. all of that coming up. on the lighter side of things, we'll be talking sports. in baseball, the playoffs last night. the a's beating the tigers 2-0. detroit now leads the series 2-1. the reds lost 2-1, but cincinnati still leads the series two games to one. we'll have more in...
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Oct 7, 2012
10/12
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doug we talked about a tweet from jack welch. did that ignite the controversy? >>reporter: the recovery surrounding friday's release of the unemployment numbers continues to swirl after jack welch, the respected former c.e.o. of g.e. treated "unbelievable jobs numbers. the chicago guys will do anything. can't debate? change numbers." facing criticism if the tweet he stuck by the criticism of the numbers. >> this number is made up of a whole mess of assumptions: who is participating, who is not working, who is trying for work, who has dropped out. it just begs the question. i think there ought to be a good discussion how this number is calculated. >>reporter: most analysts and the obama campaign are dismanage the criticisms as "without evidence." >> we wonder why institutions in this country are, the perception of institutions are failing, because people go on tv and make sufficient h stuff -- make stuff up. >> they had full charge of the first two years and the policies this president put into place actually made it worse, including the fact that obamacare is ta
doug we talked about a tweet from jack welch. did that ignite the controversy? >>reporter: the recovery surrounding friday's release of the unemployment numbers continues to swirl after jack welch, the respected former c.e.o. of g.e. treated "unbelievable jobs numbers. the chicago guys will do anything. can't debate? change numbers." facing criticism if the tweet he stuck by the criticism of the numbers. >> this number is made up of a whole mess of assumptions: who is...
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Oct 5, 2012
10/12
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:lou: what you do not want to do is pull a jack welch. he decided that this was a conspiracy of the chicago political thugs that run the country. megyn: unbelievable jobs numbers, these chicago guys will do anything. by the way, we have jack welch to explain that later on. :lou: that's exactly what you don't want to do. these numbers over the course of time, you should always be skeptical of those numbers. we should always be skeptical of anything government does. economic reporting is an inexact art and not always in science be one can i just ask your question? :lou: yes. megyn: unemployment is still very high. how are the american people doing? :lou: a sophisticated number, if you will, buried within the labor of statistics is the broadest measure of unemployment that is in the workforce, discouraged workers. that remains where it was last month, 14.9%. it is a sign that we are absolutely stuck where we have been. and that is a sincere shame. that means 23 million people remain in great pain and they are suffering as a result of an econ
:lou: what you do not want to do is pull a jack welch. he decided that this was a conspiracy of the chicago political thugs that run the country. megyn: unbelievable jobs numbers, these chicago guys will do anything. by the way, we have jack welch to explain that later on. :lou: that's exactly what you don't want to do. these numbers over the course of time, you should always be skeptical of those numbers. we should always be skeptical of anything government does. economic reporting is an...